Danger to subcontractors after collapse of construction firm.

Potential destabilisation of the UK subcontractor market due to the collapse of GB Group, a major player in the construction industry.

The £200m turnover business has entered administration with the loss of 350 jobs.

Hilton hotel built in Leeds by GB Group

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Would a Sub-contractor early payment program have helped save GB Group?

Whilst Woodsford Tradebridge had no involvement in this situation it is very interesting to speculate on how a sub-contractor early payment program may have reduced the fall out for many of the smaller contractors in this supply chain.

We hope the situation is resolved quickly and all businesses involved can recover to take advantage of the buoyant construction sector.

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